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FG, Labour Finally Reach Agreement On New Minimum Wage

The Federal Government and the organised labour have finally reached an agreement on the percentage increase on the consequential adjustment in workers’ salaries as a result of the new minimum wage of N30,000.

Festus Keyamo, the minister of State for Labour and Employment, disclosed this on his twitter handle Thursday night after meeting. 

In the tweet, Keyamo said, “After some delicate negotiations (with both ministers as conciliators), the government and labour have finally reached an agreement on the consequential adjustment of other wages following the implementation of the enhanced minimum wage of N30,000. We are working on the communiqué.”

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Also, the President of the Trade Union Congress, Quadri Olaleye, and the Secretary General, Musa-Lawal Ozigi, in a joint statement confirmed the peace pact, commending the efforts of the Federal Government and labour for their patience while the National Minimum Wage negotiations lasted.

“We commend the Head of Service of the Federation, Dr Folashade Yemi-Esan, and her team for their sincerity. Though they argued that the government could not afford to meet our earlier demand of N30,000 minimum wage across board because of the economic situation in the country, we made them understand that some people could not be more Nigerian than others. If we are tightening our belts, government should also do so,” the statement read.

The Federal Government and labour agreed on 23.2 percentage increase for workers at grade level 07; 20 per cent for those at grade level 08; 19 per cent for workers at grade level 09; 16 per cent for those on levels 10 to 14; and 14 per cent for workers at grade levels 15 to 17.

The agreement is coming 182 days after President Muhammadu Buhari signed the new minimum wage into law.


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